Question: Find the present value of the given future amount. $96,000 for 22 months at 9% simple interest Find the present value of the given future

Find the present value of the given future amount. $96,000 for 22 months at 9% simple interest

Find the present value of the given future amount. $96,000 for 22 months at 9% simple interest What is the present value? $ (Round to the nearest dollar as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

When author Shere Hite wrote Woman and Love: A Cultural Revolution in Progress, she based conclusions about the general population of all women on 4,500 replies that she received after mailing...

X 5.1.9 Find the interest on the following loan. $5314 at 7%; loan made on August 14 and due December 29 The simple interest for this loan is $ (Round to the nearest cent as needed.) 5.1.11 Question...

please just provide me answers no detials Find the interest on the following loan. $8000 at 4% for 6 months The simple interest is $|:|. (Round to the nearest cent as needed.) Find the present value...

Questions for Finite Math sections 2.1, 2.2, and 2.3 2.1 questions 2,5,6,8,11,12, and 17 - Simple Interest, Savings Accounts, and Simple Loans Compute the simple interest for the specified length of...

Question 1 To what amount will the following investment accumulate? $6,598, invested today for 26 years at 7 percent, compounded annually. Round the answer to two decimal places. Question 2 You...

6. Find the present value and compound interest of P 30 000 due at the end of 5 years and 6 months if interest is at 15% compounded quarterly. 7. A certain amount was invested in a fund at a rate of...

Q.18 please! Urgent! Thanks :) $1500 per month for 15 months at the rate of 9% compounded monthly In Problems 9 and 10, find the present value of the given annuity due. $900 paid at the beginning of...

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

P L E A E A N S W E R T H E F O L LO W I N G M AT H Q U E S T I O N S . QUESTION 1 1. Find the simple interest on a $400 investment made for 5 years at an interest rate of 7%/year. What is the...

HellonDr.Ramsey Can you assist me with my discussion please, Min 150 words due Friday. Basic Time Value of Money It is a common fact that many lottery winners are ?broke? sooner than later. If you...

Good Morning Dr.Ramsey Please assist me with my discussion this week ( min 150 words). Advanced Time Value of Money An advertised monthly lending rate of 0.9% is about 11% per year. This difference...

A firm has a bond that matures in 8 years, pays 7% coupon semi-annually. The original loan amount was $1 million. The current YTM = 4%. It has 700,000 shares of common stock, each trading at $4. The...

Windmills slow the air and cause it to fill a larger channel as it passes through the blades. Consider a circular windmill with a 7-m-diameter rotor in a 8 m/s wind on a day when the atmospheric...

11. Use conditional proof and the eighteen rules of inference to derive the conclusions of the following symbolized arguments. Having done so, attempt to derive the conclusions without using...

A small ball is projected from point A on the floor towards a vertical wall as shown in the figure. It hits the wall when its velocity is horizontal. Ball reaches point A after one bounce on the...

Three identical balls each of mass 5 kg are connected with each other. As shown in figure, and rests over a smooth horizontal table. At moment t= 0 ball B is given velocity 9m/sec then velocity with...

Q6/ Draw the shear-force and bending-moment diagrams for a simple beam with a uniform load of intensity q acting over part of the span fig.6 ? (10 Marks) |B RA RB

Identify project roles and project tasks. Then assign the RACI ( responsible , accountable, consulted, informed ) to each project role and project task.

Using Fielders contingency leadership theory, describe what style of leadership Nooyi might have used when restructuring and diversifying PepsiCo. Explain your answer.

According to Nooyi, what is the role of communication (Chapter 4) in leadership?

From what you have read, what do you think is Nooyis conflict management style?